Michael Capuano
The Public Record
So I have well-paid employees of a major company that somehow has misplaced or misappropriated a billion dollars of customer funds, and yet you are asking the trustee in bankruptcy to give bonuses to the very people who may or may not have…
If there was criminal activity at MF Global, I just don't think that is Congress' role to investigate criminal activity.
Good. I guess I feel better that you wouldn't, because I am not aware that any financial institution in the world would let that happen in any legal capacity.
In the normal course of events, what would you expect? I will not hold you to it. Just give me a ballpark idea how long you think it might take for FASB to conclude its review of this and decide whether to amend it or not to amend it. How…
It is kind of funny. It is a classic. I actually think they ought to be in politics, whoever came up with this term.
Yes, I guess at some point, somebody is going to have to explain to me how using my money protects my money.
So, you would--there is no way in the world you would know what they had in an account of $100 or $100 million or a billion, how much money is customer money and how much money is not customer money. Is that correct?
It is my money. I didn't play that game, and yet, you are taking my money to protect some other customer--who lost their money, because they took a gamble.





